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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Pr…

27 Jul Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Pr…

Posted at 20:28h in Bitcoin News by

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

If an asset class doesn’t fall much on adverse news but rallies on good news, it is an indication that the trend is bullish. Various reasons are attributed to Bitcoin’s most recent 40 percent rally from the lows, but the most quoted one was the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) within the next few weeks.

However, in the past three days, the US Securities and Exchange Commission (SEC) postponed one proposal and shot down another.

While there are other ETF proposals pending with the SEC, the rejection of the Winklevoss twins’ Bitcoin ETF dampens sentiment. The extent of decline following this news will give us an idea whether the trend has turned positive or if the…

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